Funding you earn now, next payment 05:00 UTC+0.0245%/8h= +26.8% APRnext payment +$0.31 per $10,000 · paid last 24h +0.019%
Price spread now: Hyperliquid against Extended+0.070%7-day average +0.158% · you sell dearer than you buy
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$850.854% of the position
Funding, last 7 days+0.145%+$15 on $10k
+Price spread, last 4 days (all we have)+0.297%+$30 · spread now +0.070%, 7d avg +0.158%
=Together, before fees+0.442%+ Points / potential airdropExtended: Active · Hyperliquid: Season 2 · farm board+$44 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.088% cheaper against Extended than usual: you would sell low and buy high (spread +0.070% now, against its 7-day average of +0.158%). If the spread goes back, that is −$9 on $10k: about 29 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.145% in total) that is about 4.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.145% in total (about 7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended AR-USD | 4.3707 | 0.0104 | pay 0.0013% / 1h | 34m 29s | $36K | $237K | 10x |
| Short | Hyperliquid AR | 4.3738 | 0.0349 | get 0.0044% / 1h | 34m 29s | $3.7M | $4.4M | 5x |
Extended AR-USD
Hyperliquid ARFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $51.45
- Price spread: +0.070% → +0.158%
- −$8.8
- Slippage, 4 orders
- −$71.44
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$42.79
- Costs to cover
- 0.854%
- Break-even
- 12.8 days
Slippage from Extended: live order book, 17 min ago; Hyperliquid: live order book, 7 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended live order book, 17 min ago | 5.09 bp | 27.5 bp −$27 | 261.6 bp −$2,616 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 min ago | 4.41 bp | 11.8 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
AR on 17 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ARUSD | −0.1236% | 1h | 4.3643 | −0.147% | $59K | $148K | 20x | as long as short |
| GMX AR/USD [WBTC.b-USDC] | L −0.0141% / S +0.0551% | 1h | 4.3675 | −0.075% | $562K | — | 50x | as long as short |
| Aster ARUSDT | +0.0100% | 8h | 4.3687 | −0.046% | $31K | $467K | 10x | as long as short |
| Binance ARUSDT | +0.0100% | 8h | 4.3770 | +0.144% | $8.5M | $50.4M | 75x | as long as short |
| Bybit ARUSDT | +0.0100% | 8h | 4.3760 | +0.121% | $4.5M | $8.5M | 75x | as long as short |
| OKX AR-USDT-SWAP | +0.0100% | 8h | 4.3760 | +0.121% | $2.2M | $17.4M | 20x | as long as short |
| Gate AR_USDT | +0.0100% | 8h | 4.3700 | −0.017% | $2.4M | $1.9M | 50x | as long as short |
| MEXC AR_USDT | +0.0100% | 8h | 4.3720 | +0.029% | $6.0M | $4.2M | 100x | as long as short |
| KuCoin ARUSDTM | +0.0100% | 8h | 4.3710 | +0.006% | $1.1M | $1.3M | 50x | as long as short |
| Bitget ARUSDT | +0.0100% | 8h | 4.3740 | +0.075% | $3.8M | $5.2M | 75x | as long as short |
Kraken Futures PF_ARUSD
GMX AR/USD [WBTC.b-USDC]
Aster ARUSDT
Binance ARUSDT
Bybit ARUSDT
OKX AR-USDT-SWAP
Gate AR_USDT
MEXC AR_USDT
KuCoin ARUSDTM
Bitget ARUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX AR-USDT | +0.0100% | 8h | 4.3710 | +0.006% | — | $2.8M | — | as long as short |
| Variational Omni AR | +0.0100% | 8h | 4.3302 | −0.926% | $152K | $335K | — | as long as short |
| ApeX Omni ARUSDT | +0.0100% | 1h | 4.3450 | −0.588% | $19K | $715K | 50x | as long as short |
| Extended AR-USDlong | +0.0104% | 1h | 4.3707 | long leg | $36K | $237K | 10x | |
| BloFin AR-USDT | +0.0220% | 8h | 4.3690 | −0.039% | $419K | $465K | 20x | as long as short |
| Hyperliquid ARshort | +0.0349% | 1h | 4.3738 | +0.070% | $3.7M | $4.4M | 5x | |
| Injective AR/USDC PERP | +0.0433% | 1h | 4.4240 | +1.219% | $2K | $5K | 5.5x | as long as short |
BingX AR-USDT
Variational Omni AR
ApeX Omni ARUSDT
BloFin AR-USDT
Injective AR/USDC PERP